RETRACTED: Reference Points as Information Frames


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The paper does not meet the standards of "Theoretical Economics Letters".

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[1] Aghion, P. and Holden, R. (2011) Incomplete Contracts and the Theory of the Firm: What Have We Learned over the Past 25 Years? Journal of Economic Perspectives, 25, 181-197.
[2] Hart, O. and Moore, J. (2008) Contracts as Reference Points. Quarterly Journal of Economics, 123, 1-48.

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